Larry Summer: "The smart business will keep bending"

Complaint at the University Secretary of Head of Leaders in 2025.

Larry Summers: 'Smart businesses go to keep flexibility.

Interview with the former Ministry of the Ministry of Finance of leading enterprises 2025 years.

- Podcasts Apple

Lawrence H. Sammers, a former secretary of the US Treasury and President of the Harvard University, has seen in the US economy for decades.As the leaders see today with the fear of economic fall, the growth of artificial intelligence, tariff, inflation and more, it shares what we should - and create stability with macroeconomic insecurity and how the parishes of technological and economic forces will move the labor market, the agenda and more.

Ignatus, I am Ignahaz.

Alison Berard: I'm a conceptable beard, and that's the idea.

Adi igrativeus: Alison, I know that we are talking about being a business leader?

Alison Bird: This is a good question because there are so many different things right now.I would definitely say that the transfer of economic policy, artificial intelligence should be incredibly high on the list - how to harness Genai and Agentic AI for the best use, not interfere with it.Then there is geopolitical instability in Europe and the Middle East.

Adi Ignatius: Yes, so it felt the uncertain range of uncertainty.At the same time, there is a book for uncertainty and someone who is talking about how to handle the company when what you talk about.

So today's owner is the one I think, I am talking about these difficult cases, but also deals with uncertainty at the University of Dovard, but is also responsible for the general economic secretary.

Alison Bird: It is definitely a person who can connect all the points you just talked about.

Adi Idratius: You may know that business can never decide.

You are a very demanding person, especially in the era of unprecedented uncertainty, in an era of experienced with unprecedented traumas to the system.And some people want to talk about them, but maybe I started with tariffs.Do you still root?

Lawrence H. Summers: This is the US economic harming.At the same time, it increases prices and increased unemployed and increased unemployed.In many industries reduces competitiveness.Of the unemployed.

I think this policy is a mistake.They will not be able to compete with the US business.Most of the items are rehabilitated in the US.Stories described the limbs of statements.

Now, everything, I think the industry eventually does not sit on trees, but on the manufacturers.And there are many things that produce many American companies, who have been the most demanding of the world.

I ignitus: one of their other questions?I think, how's America using a higher risk of higher rate, it is Syn Stratagem and?clearly.

Lares H. Arsigers: I think the smart business is to keep the bending.And most people are in half a human being."And most people will now sit at 13 or 14 or 14%.

So I do not think there is a serious question that the United States is engaged and after all negotiations they have increased the rates in a very special way.So I think people should easily build their planning.It still exists, there will still be a lot of doubts and doubts according to the one found in your field, just what rules will be in it.

OD Ignitus: Ha.

Lawrence H. Links: I think you would now say there would be a real risk of depression, but in the same source of the shop, in the background.In recent indicators are the feeling, other than hard data that has deteriorated very much.

So you don't know if you can avoid dramatic events, and the economy was significantly declined.I am sorry that you will see a certain increase in inflation because of a certain increase.

Idnatius: So what to describe a progress?No smaller pot?And not concerned as the rate will be economic.

Lawrey H. Summers: Adi, I think there were several shoe indicators that could be canceled, so it's not.Tariffs, something like accumulation before price increases.

And when you don't live out of this shoe, I feel that people are a little better, and we have no other gougical magician.

Ishcatius: So, on this title, this is a question from one of our signs, Paul.I do not know where Paul wrote from, but the question, how do you consider about a repair formal format as a decline reduction?

Laurences H.Hemes: A lovely record of wives, but if a rider is a richer, then, sell selling sales for sale.

I think no man don't think of a curve to rise to rising the economy.These people have a regular independence, how do you think about people you think you don't think about you don't mind.

Ignatius: So you have already mentioned China, and when you talk about shoes that can go down, which can have a significant impact on everything we are talking about.This can be a real break, the rupture deeper in the US economic relationship with China.I think on the other hand, shoes that can fall will be a much better relationship.

Do you think you don't know how much you think about it, can we understand that we can also get to China so that we can do it in the United States, so we can reach both sides, so we can do it?

Lawrence H. Summers: It is very difficult to see the suspicion of suspicion on both sides.Will help to believe.So I think it is not a mega agreement issue and think all is better.This is a series of cooperation that is made to make both parties benefit.

Adi Ignatius: You know, you criticize Trump's administration.And the negative thing, the next day, I talked to the Silicon Valley CEO, whom he said he said his circle said: "You have to understand that this group was a kind of intense blue, politically, liberal, democratic democratic politics and somehow they changed intensely red.

There are a few questions here, but isn't someone clearing the path of attractive economic measures that are appreciated everywhere, not commercial warfare, but the kind of high regulatory approach that has sparked its launch for many businessmen?

Lawrence H.Summer: Two ideas have been created there.

The horrunine i story of the house of the house I was at school, it's a bridge of home.

The island is not an independent example.The second lamard has under Paris, France and Anverain, Turkey, Fair, Turkey, French, Turkey, French, Turkey, French, Turkey, French, Turkey, French, Turkey, French, Turkey, French, Turkey, French and Banand parents.- -

So I think we have a lot to do to get everything weakened.It is important to note that it is important not to use politics.It is important to pay their fair share and a fair share of less successful people should be more than less successful people.If there are successful stories like bezos, America will be a good country or less successful.

I think it's very clear that it will be more successful.It would be better not to have more work for the topics.There will be no better opportunities for consumers.America will stand long in the world.But it is true that if we have better entrepreneurs, we have greater fate.I think it's okay.But I think it's okay.Suppose I think it is very important to identify that there are no employees without employers, and therefore those of us who are progressive, to maintain pro-responsive business sensitivity.

And, of course, I think there is a time when the Democratic Party loses this vision and focuses on values ​​related to culture and political identity, or focusing on the destruction of rich people, not the creation of middle class.

Ordinary Ugtius: Okay.No, talk about work in the United States or what do you think about employer work?

Lawrence H. Summers: I think we have worked badly as a country with half of our population, perhaps 60% of our male population that is not really aimed at going to the university. And he wants to participate in several types of commercial activities, he often provides services that have a very low supply.I think that our institutions and our educational system have been given in a harvested way by harvested and those institutions that have been molded by harvested.I want to do it, and I am not sure that they are appropriately attentive to the needs of many, many of our people who want to learn a set of skills, for which they can be rewarded enough and safely.

So I think that our education system, especially those who are on a non -dexterity road, are a matter of mind that is a great attention.I think we have to look for more cooperative Unionism models.Relationships meant that it was very difficult to produce as productively as possible in favor of the initiative.

Adi Ignatius: I think you're going to be in your experience of talking about this thing because we're going to get rid of this.Insecurity.I guess I'm interested, when talking to business leaders, have the problems they love or something else to do?

Gift H.Summer: This is the case with the company it is usually with the company, but the products are important to produce well, but it is important to produce product.

I always think that business executives talk about it.You wonder if it would be a much better use of this CEO's time, it focused on the huge Christmas that Kodak had in the patents of digital photography, the power he had once used successfully.

So I ask the business leaders in any area, in any environment and makes our different power, how can you focus on our different circumstances.

ADI Ignatius: Let's talk about AI, especially us.We all have a strong opinion on what to do with AI.One of the colleagues in Karim Lakhani, the employee's AI expert, and his view of AI, in Harvard Business School, are AI.If you are not hypnosis, it can be opposed to the CEO.Talk a lot about this.They talk to the board of directors about this.They talk with shareholders about this.They do not know what happens.They do not understand the revolution.Is it the basic way to adjust the economy, or are you more careful?

Lawrence F.Summers: I think it's better than even the possibility of this is the most important technical change or the most important changes in technology in my life.Wille has changed more than how people live and how people work from anything else that happened in my adult life.

But we have no technology that has ever been self-growing before.PCs do not create new, better PCs, but have the ability to say a recurrent aspect to find out how self-enclosed in AI models.The same way as human society acts, the way to self-empower.Basic.In what time, how much will it change in terms of regular daily professional interactions?I think it is a more difficult thing to do, and I think it often happens in these matters that it is not the best to be the first mower.It is best to hang a little back and see what works and what is not before making a big capex.

Edd Better: Larry I want to please.This is an amazing conversation.Thanks for being with us.

Lawrence H. Summers: Dankon.

Adi Ignatius: This Treasury was the former secretary of Larry Summer.He spoke to me as part of our executive package for senior organizational leaders.You can learn more on /executive.

Next week, Alison will talk about how to build our own ASistent, in conversation with Alexandra Samuel.mir now has more than a thousand pasted by / podcast or carried to hear.

Thank you for our team, Senior actor Mory Dew, creator Aongo Ahoranga Aongo Ian Fox, and the most welcome to the idea.